Week 16 Iowa Farmland Auction Results
Jason Smith
CAI Auctioneer, Land Broker
Founder, Auctioneer, Broker, and Agent at DreamDirt, Jason Smith is a lead farm real estate professional in the Midwest. He has achieved the pinnacle of auction education earning the CAI designation and is one of only 11 CAI auctioneers in Iowa. Jason graduated from the World Wide College of Auctioneering, and has achieved the PRI designation from the Professional Ringmen Institute. Jason and his wife founded DreamDirt in 2005, and the company continues to be a leader in the farm auction space and prides itself in offering extensive land seller and buyer information.
Email: jason@dreamdirt.com | Phone: (515) 537-6633
Iowa Farmland Sales Summary Week 16, 2018
Remember last week when I said it was slow in Iowa Farmland Sales? This week there was one lone auction of 80% tillable farmland across the state and it was conducted by our company as an online-only auction. This means the entire auction was conducted online with no live event. DreamDirt has pioneered and led the market in internet bidding for land auctions in Iowa and we continue to move more auctions to Internet-only auction when this type of auction suits the seller’s interests. We also conduct all of our live auctions with online bidding included as a part of our auctions so you truly can have any type of auction you wish when you work with DreamDirt for your auction.
This particular auction was for a farm located in Clarke County Iowa at Osceola, Iowa. The auction terms included the buyer paying a 5% buyers premium on top of their high bid. 9 total bidders registered to bid online for this auction. All buyers were thoroughly vetted prior to auction day and when the auction started we had a very spirited competition for the property that came down to 2 bidders. The 2nd runner-up bidder dropped out at $6300 per acre while the remaining two bidders battled it out from $6300 to $9050 per acre. When the buyers premium was added to arrive at the contract price the property brought $9502 per acre. The average price per acre for Clarke County is $4,029 per acre while the average dollars per CSR2 point is currently $88.21 per acre. This online Internet auction sale beat the county average by a whopping 57.6%! When you calculate the dollars per CSR2 point this farm sold for it was $157.85.
We appreciated the opportunity to market this farm and conduct the auction for the seller Rosa Mathews. Auctions of highly desirable farms always make great auctions and great results for the seller. In this case, the farm was very near development with new housing to the south, new industry to the east and across I-35 was local entertainment and recreation. This combination of features made the property desirable to a number of bidders
Highlights From Week 16 Farmland Sales In Iowa
Iowa Farmland Auctions Report For April 15-21, 2018
| STATEWIDE TOTALS |
48 |
40 |
$9,502.00 |
60.20 |
$157.84 |
$380,080.00 |
83.33 |
| County | Total Acres | Tillable Acres | Price Per Tillable Acre | CSR2 | $ per Tillable CSR2 | Price | % Tillable |
| Clarke |
48 |
40 |
$9,502.00 |
60.2 |
$157.84 |
$380,080.00 |
83.33 |
Featured Iowa Farm For Sale
We are offering this 4500 head cattle feed lot for sale in Decatur County Iowa. Cattle properties like this do not make the market often and offer a real opportunity. You can contact Tom Bradley about this farm for sale in Decatur County Iowa at 515-202-7687
Request a Free Valuation for Your Farm or Land Property
Whether you’re ready to start the selling process, or even remotely curious, we will gladly provide you with a FREE Market Analysis! If you are in a position to sell land in the Midwest, we want to help you achieve the top of the market on your sale.
Related News
ISU 2020 Land Value Report | What It Means
Iowa Farmland Values in 2020 The 2020 ISU Land Value Survey was presented last week. This is a report we watch closely each year. Iowa State does a great job each year putting this together, and it offers a big picture view of farmland prices across the state. Seeing...
How The Election Could Affect the Land Market
The Land Market and The Election Election day. While we may not know the official results for a few more days, today is the day the nation casts their vote. This day may also cause come uncertainties and raise questions surrounding the agriculture market, land...
Iowa’s September Farmland Sales Summary
Founder, Auctioneer, Broker, and Agent at DreamDirt, Jason Smith is a lead farm real estate professional in the Midwest. He has achieved the pinnacle of auction education earning the CAI designation and is one of only 11 CAI auctioneers in Iowa. Jason graduated from...